Offices news – Page 13
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NewsAllied Irish Bank to move offices to St Mary Axe
Allied Irish Bank (AIB) is to move to enlarged head office premises at 70 St Mary Axe in the City of London, also known as the ‘Can of Ham’, from its current site on Undershaft, as it seeks to support sustainability aims.
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NewsLazari submits plans for office-led scheme at iconic Fenwick Mayfair store
Property firm Lazari Investments has submitted plans to transform the Fenwick department store in Mayfair into an office and retail development.
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OnlineAware Super opens London office to deploy £5.25bn into UK and European markets
Australian pension fund giant Aware Super has opened a new London office that will focus on the investment of £5.25bn into the UK and European markets.
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NewsEY reviewing future in London headquarters
Ernst and Young (EY) has launched a property review of its London headquarters ahead of the end of its lease at the More London offices near London Bridge.
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OnlineHelical swings to £93.1m loss as NAV slumps 17.5%
London-based investor Helical swung to a £93.1m loss in the six months to the end of September, against a profit of £17.2m in the same period the year before, as net asset value (NAV) slumped 17.5%.
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NewsUK Commercial Property REIT drops Picton merger
UK Commercial Property REIT (UKCM) has ended merger discussions with Picton because its largest shareholder, Phoenix Life, which controls around 43% of UKCM’s share capital, does not support the terms proposed.
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OnlineWorkspace value falls lead swing to loss, but trading improves
Workspace Group swung to a pre-tax loss of £147.9m compared to a profit of £35.8m a year before, as it posted a 10.2% fall in net tangible assets (NTA) and a 6.6% fall in the value of the portfolio in the six months to the end of September.
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NewsLandsec gets green light for £500m City office development
The City of London Corporation has approved Landsec’s £500m plans to redevelop 55 and 65 Old Broad Street.
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NewsRegal London secures flex office provider for speculative Watford offices
Regal London has secured its first letting at its 173,000 sq ft speculative office development in Watford, signing flexible office provider YoooServ for 16,975 sq ft.
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NewsMills & Reeve swaps Colmore Row office for Paradise Birmingham
Law firm Mills & Reeve is swapping its Colmore Row office in Birmingham for a bigger space at MEPC’s landmark One Centenary Way.
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NewsLondon office development ‘roars back’ with record volume of new starts
The winter 2023 edition of Deloitte’s London Office Crane Survey has recorded its highest ever volume of new office starts since the study began in 2005, with 5.1m sq ft of construction starting across 43 schemes.
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NewsLloyd’s of London on brink of long-term deal to remain at City HQ
Lloyd’s of London is on the brink of striking a long-term deal to remain in its landmark City headquarters One Lime Square.
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NewsJLL reports 3.4m sq ft of central London space under negotiation
The latest JLL research shows occupiers continue to commit to new offices in the capital and the firm estimates that around 3.4m sq ft of space is subject to negotiation across the market for Q4, up 13% on the corresponding quarter of 2022 and 24% on the 10-year average.
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NewsIllicit drug profits ‘flowing’ through City of London into UK property, senior MPs warn
A group of senior MPs have warned that illicit drug profits from Asia are flowing into UK property through the City of London.
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NewsBrewDog boss slams council and developer over ‘delayed’ Durham bar opening
The boss of brewery and pub chain BrewDog has taken aim at Durham County Council and joint venture developer The Arlington Real Estate and Richardson over delays in opening a bar, which he claims have now stretched beyond 12 months.
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NewsLandsec looks to prime retail for new opportunities as it reports £193m loss
Landsec is “looking for opportunities to deploy further capital” with a particular focus on prime retail, chief executive Mark Allan said today after the firm posted a £193m loss for the half year ended 30 September.
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NewsFlexi-office provider Spacemade to add Marylebone location to portfolio
Flexible workplace provider Spacemade is adding 5,000 sq ft of flexible office space in Marylebone, London to its portfolio, after signing an agreement with the Howard de Walden Estate.
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NewsMajor London office development goes into receivership
A major London office development that included plans for an innovative 1.4-acre urban rooftop and 430,000 sq ft of office space has been placed under receivership after defaulting on a loan provided by the billionaire Reuben Brothers.
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NewsEat Work Art takes over ex-WeWork building to launch Hackney workspace for creatives
Creative workspace provider Eat Work Art has been awarded the leasehold of a former WeWork building in Hackney, east London, where it will open its latest location for the creative industries.
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NewsHUB and Bridges plan resi conversion for £39m Aldgate office purchase
HUB and Bridges Fund Management have bought a central London office block in Aldgate for £39m with plans to convert it into a residential scheme.
